MarketFriction

Manali Petrochemicals Ltd

NSE MANALIPETC · BSE 500268 · Petrochemicals
₹78.15 -3.49%
NSE close2026-10-01
52 week range39.13 - 93.00
Market cap₹1,380 Cr.
P/E11.6
Price band 20% Delivery 35.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales270205256240230196230235248247293275
Expenses255200239220226183209212228233268192
Operating Profit1551721413212320142583
OPM %5%2.5%7%9%1.7%6%9%10%8%6%9%30%
Other Income9816645812712514
Interest223323333343
Depreciation667777788999
Profit before tax15581818162021723785
Tax %27%35%84%27%64%31%32%28%14%6%22%24%
Net Profit11311305111418682964
EPS in Rs0.630.170.080.760.010.310.630.831.063.981.693.74
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5796267488108031,0241,6721,1811,0328971,0221,062
Expenses5115746517107337231,1431,103985839940920
Operating Profit6852971007030252979475882142
OPM %12%8%13%12%9%29%32%7%4.5%7%8%13%
Other Income9183275-811242121116122
Interest3232659910101413
Depreciation689111421202325273435
Profit before tax69608811354268511703342150215
Tax %31%37%34%33%14%25%25%28%42%30%14%
Net Profit4838587747201381511929130180
EPS in Rs2.792.203.374.452.7111.7022.162.951.121.707.5610.47
Dividend Payout %18%23%15%17%28%13%11%25%67%29%7%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%0%-5%19%
Compounded Profit Growth1%-25%1%262%
Stock Price CAGR9%-8%7%25%
Return on Equity13%10%3%4%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8686868686868686868686
Reserves1962253063693955949449589761,0081,195
Borrowings22623342614197103129137
Other Liabilities215195141165153198241223144179177
Total Liabilities4995325566546608921,2901,2741,3081,4031,596
Fixed Assets105206273283302292343552559596568
CWIP162812626281423176139
Investments69165704100029156
Other Assets310282214364291572933700704731983
Total Assets4995325566546608921,2901,2741,3081,4031,596
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-6875813872193739275-19116
Cash from Investing Activity-7-133-8-20-18-4-16-261-82-15575
Cash from Financing Activity-116-17-2-29-28-26-64-7-0-9
Net Cash Flow-24-3933-941186331-233-14-174182
Free Cash Flow-22-3626-6581943464750-12049
CFO/OP36%194%86%44%144%95%95%149%170%6%157%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5748495149613549434860
Inventory Days961015381584735475512382
Days Payable124109476436543828316260
Cash Conversion Cycle29395568715432686710882
Working Capital Days4316215038332344326149
ROCE %20%24%22%14%49%60%8%5%5%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%44.87%
FIIs0.81%0.86%0.79%1.32%1.10%1.06%0.66%0.45%0.44%0.29%0.37%0.38%
DIIs0.07%0.02%0.02%0.07%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public54.24%54.26%54.33%53.74%54.02%54.07%54.47%54.67%54.69%54.83%54.77%54.75%
No. of Shareholders1,96,6731,91,8751,88,5401,71,1751,62,7531,62,5341,59,8811,59,9261,57,0791,51,3921,48,8761,46,235

Fundamentals

Market Cap₹ 1,380 Cr.
Current Price₹ 80.2
Stock P/E11.6
Book Value₹ 74.5
ROCE7.25 %
ROE4.38 %
Dividend Yield0.62 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)262%
Consolidated figures.
Valuation
Market capRs 1,344 Cr
Enterprise valueRs 876 Cr
P/E (TTM)7.47x
Price to book1.05x
Price to sales1.27x
EV / EBITDA3.32x
EV / EBIT3.83x
EV / sales0.82x
Price to cash flow11.55x
Earnings yield13.39%
Dividend yield0.64%
P/E, 3-year average29.49x
P/B, 3-year average0.77x
P/E, 5-year average22.77x
P/B, 5-year average1.02x
Profitability
Operating margin (excl. other income)8.03%
Operating margin (incl. other income)19.35%
EBITDA margin24.80%
Pre-tax margin20.24%
Net profit margin16.94%
Net margin, latest quarter23.43%
ROE10.94%
ROCE12.41%
ROA8.67%
ROE, 3-year average5.16%
ROCE, 3-year average6.90%
ROA, 3-year average4.11%
ROE, 5-year average12.99%
ROCE, 5-year average17.57%
ROA, 5-year average10.24%
ROIC (approx.)24.27%
Tax rate13.63%
Other income / net worth9.03%
Growth
Sales growth (latest year)13.96%
Profit growth (latest year)343.36%
Sales CAGR, 3 years-4.70%
Sales CAGR, 5 years-0.04%
Profit CAGR, 3 years36.88%
Profit CAGR, 5 years-8.37%
Sales growth QoQ-6.13%
Profit growth QoQ121.63%
Sales growth YoY (latest quarter)17.07%
Profit growth YoY (latest quarter)348.81%
Per share
EPS (TTM)Rs 10.46
EPS (latest year)Rs 7.56
EPS (latest quarter)Rs 3.74
EPS, 3-year averageRs 3.46
EPS, 5-year averageRs 7.09
Book value per shareRs 74.50
Sales per shareRs 61.77
Cash flow per shareRs 6.76
Free cash flow per shareRs 2.85
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.58
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout6.62%
Dividend payout, 3-year average34.37%
Dividend payout, 5-year average27.97%
Efficiency
Asset turnover0.64x
Fixed asset turnover1.80x
Inventory turnover5.26x
Inventory days69 days
Debtor days60 days
Debtors turnover6.08x
Creditor days60 days
Cash conversion cycle82 days
Working capital days49 days
Leverage
Total debtRs 137 Cr
Cash and bankRs 605 Cr
Net debtRs -468 Cr
Debt to equity0.11x
Net debt / EBITDA-1.78x
Interest coverage17.00x
Current ratio (filing 2026-03-31)4.51x
Quick ratio (filing 2026-03-31)3.78x
Trade payables (filing 2026-03-31)Rs 113 Cr
Owners' fund to total sources80.30%
Debt to assets8.58%
Cash flow
Cash from Operating Activity (latest year)Rs 116 Cr
Cash from Investing Activity (latest year)Rs 75 Cr
Cash from Financing Activity (latest year)Rs -9 Cr
Net Cash Flow (latest year)Rs 182 Cr
Free cash flow (latest year)Rs 49 Cr
FCFE (approx.: FCF + change in debt)Rs 57 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow8.79x
Statement figures
Net sales (TTM)Rs 1,062 Cr
Net sales (latest year)Rs 1,022 Cr
Sales (latest quarter)Rs 275 Cr
Operating profit excl. other income (latest year)Rs 82 Cr
Operating profit (latest quarter)Rs 83 Cr
Other income (TTM)Rs 122 Cr
EBITDA (TTM)Rs 264 Cr
PBDT (TTM)Rs 250 Cr
Profit before tax (TTM)Rs 215 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 180 Cr
Net profit (latest year)Rs 130 Cr
Net profit (latest quarter)Rs 64 Cr
Depreciation (TTM)Rs 35 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 807 Cr
Total expenditure (latest year)Rs 940 Cr
Total income (latest year)Rs 1,138 Cr
Share capitalRs 86 Cr
ReservesRs 1,195 Cr
Shareholders' fundsRs 1,281 Cr
Total assetsRs 1,596 Cr
Net blockRs 568 Cr
Capital work in progressRs 39 Cr
InvestmentsRs 6 Cr
ReceivablesRs 168 Cr
InventoryRs 154 Cr
Other liabilitiesRs 177 Cr
Shares outstanding (crore)17.20
Ownership
Promoter holding44.87% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 7.5 is at the 27th percentile of its own 9.4-year range (median 11.3, low 2.3, high 88.7).
P/B 1.05 is at the 31th percentile (median 1.16).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMANALIPETCNifty 50Difference
1 week-6.2%-2.8% -3.4 pts
1 month-7.0%-6.8% -0.2 pts
3 months+22.5%-7.6% +30.1 pts
6 months+98.5%+0.4% +98.0 pts
1 year+18.3%-9.9% +28.3 pts
2 years-6.7%-13.6% +6.9 pts
3 years+19.0%+14.2% +4.9 pts
5 years-37.9%+27.9% -65.8 pts

Red flags

F-score 7 of 8
explainReceivables outrunning sales Receivables grew 44% vs sales +14% in 2026
lookProfit leans on other income Other income was 77% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹275 Cr +17.0% vs Jun 2025. Net profit ₹64 Cr +357.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Re 0.50 Per Share
2025-09-08Dividend - Re 0.50 Per Share
2024-09-10Annual General Meeting/Dividend - Rs 0.75 Per Share
2023-09-15Annual General Meeting/Dividend - Re 0.75 Per Share
2022-09-15Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-09-02 Annual General Meeting/Dividend - Rs 1.50 Per Share
2020-09-03 Annual General Meeting/Dividend - Rs 0.75 Per Share
2019-07-30 Annual General Meeting/Dividend Rs 0.75 Per Share
2018-07-27 Annual General Meeting / Dividend- Re 0.50 Per Share
2017-07-06 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-09-08 Annual General Meeting/ Dividend - Re 0.50 Per Share
2015-09-10 Annual General Meeting/ Dividend - Re 0.50/- Per Share
2014-07-31Annual General Meeting / Dividend - Re 0.50/- Per Share
2013-07-18Annual General Meeting And Dividend Re.0.50 Per Equity Share
2012-07-19Annual General Meeting And Dividend Re.0.60 Per Share
2011-07-15Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-13Annual General Meeting And Dividend Re.0.375 Per Share
2009-09-08Agm/Div-Re.0.25 Per Share
2008-09-08Agm/Dividend - 10%
2007-08-14Agm/Dividend-10%
DateTypeWhat it says
2026-09-29Shareholder meetingManali Petrochemicals Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on September 28, 2026
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-04Price movementSignificant movement in price has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-09-04Price movementSignificant movement in price has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-09-04General UpdatesGeneral Updates - Letter to Shareholders - Weblink for Annual Report FY 2025-26.
2026-09-04Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-14UpdatesIntimation of Record Date for payment of Dividend pursuant to Regulation 42(3) of the SEBI Listing Regulations, 2015.
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "Press Release dt. 13.08.2026".
2026-08-13General UpdatesAnnouncement Under Regulation 30 of SEBI LODR - Appointment Of Cost Auditor
2026-08-13General UpdatesAnnual General Meeting of the Company to be held on 28th September 2026.
2026-08-13Record DateRecord date for the purpose of Dividend is 21-Sep-2026.
2026-08-13Board meeting outcomeManali Petrochemicals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Shareholder meetingManali Petrochemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-07-07Shareholder meetingNotice of Postal Ballot
2026-07-06General UpdatesGeneral Updates
2026-06-26General UpdatesGeneral Updates
2026-06-23General UpdatesGeneral Updates
2026-06-23General UpdatesGeneral Updates
2026-06-18Volume querySignificant increase in volume has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-06-15General UpdatesGeneral Updates
2026-06-15Disclosure under SEBI TakeovMr. Ashwin C Muthiah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-06-12Volume querySignificant increase in volume has been observed in Manali Petrochemicals Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-05-21Press ReleaseA press release dated May 21, 2026, titled "Press Release dt. 21.05.2026".
2026-05-21Director changeChange in Director(s) of the company.
2026-05-21DividendBoard of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-01-31NCLTVAISHNAVI FREIGHT LOGISTICS P LTD Vs MANALI PETROCHEMICALS LTD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Manali Petrochemicals Ltd?

Manali Petrochemicals Ltd (MANALIPETC) has a market capitalisation of Rs 1,380 Cr. at the 2026-10-01 close.

What is the P/E ratio of Manali Petrochemicals Ltd?

Manali Petrochemicals Ltd trades at a P/E of 11.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Manali Petrochemicals Ltd's latest quarterly results?

In the Jun 2026 quarter, Manali Petrochemicals Ltd sales was Rs 275 Cr (+17.0% vs Jun 2025) and net profit was Rs 64 Cr.

What is the 52-week high and low of Manali Petrochemicals Ltd?

The 52-week high is Rs 93.00 and the 52-week low is Rs 39.13.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03